|03/08/17||Markel Estimates Ogden Rate Change Impact|
|RICHMOND, Va., March 8, 2017 /PRNewswire/ -- Markel Corporation (NYSE: MKL) today announced that, during the first quarter of 2017, it expects to increase prior years' loss reserves for its run-off book of UK motor exposures. The expected increase in prior years' loss reserves is a result of the recently announced decrease in the discount rate, known as the Ogden Rate, used to calculate lump sum awards in UK bodily injury cases. On February 27, 2017, the UK Ministry of Justice announced that the... |
|02/08/17||Markel Reports 2016 Financial Results|
|RICHMOND, Va., Feb. 8, 2017 /PRNewswire/ -- Markel Corporation (NYSE: MKL) reported book value per common share outstanding of $606.30 at December 31, 2016, up 8% from $561.23 at December 31, 2015. Over the five-year period ended December 31, 2016, the compound annual growth in book value per common share outstanding was 11%. Comprehensive income to shareholders was $667.0 million for the year ended December 31, 2016 compared to $232.7 million in 2015. The combined ratio was 92% in 2016 compared... |
|02/03/17||Markel names Jane Peterson Executive Underwriting Officer, Product Line Leadership|
|RICHMOND, Va., Feb. 3, 2017 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today that Jane Peterson has been named Executive Underwriting Officer on the Product Line Leadership team. Peterson oversees the Product and Regulatory Services and Wholesale Binding units. She will work closely with Markel's Wholesale division leadership on underwriting product initiatives.
Robin Russo, Chief Underwriting Officer, stated, "Jane's industry expertise and cont... |
|02/02/17||Markel Announces Conference Call Date And Time|
|RICHMOND, Va., Feb. 2, 2017 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today it will hold a conference call on Thursday, February 9, 2017 beginning at 9:30 am (Eastern Time) to discuss quarterly and year-end results and business developments.
Any person interested in listening to the call should contact Markel's Investor Relations Department at 804-747-0136. Investors, analysts and the general public also may listen to the call free over the... |
|02/01/17||Markel to acquire SureTec Financial Corp|
|RICHMOND, Va. and HOUSTON, Feb. 1, 2017 /PRNewswire/ -- Markel Corporation ("Markel") (NYSE: MKL) and SureTec Financial Corp. ("SureTec") announced today that they have entered into a definitive agreement for Markel to acquire SureTec for approximately $250 million, inclusive of a three-year earn out. The transaction is subject to customary closing conditions, including insurance regulatory approvals, and is expected to close in the first half of 2017.
Following the acquisition, SureTec will ... |